Buy The Block with Bryan Chavis

In addition to participating in the acquisition process, asset managers typically play a role in positioning properties for disposition. In this episode, Bryan explains how focusing on exit strategies puts asset managers in a better position to help prepare properties for sale.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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Encouraging acquisition specialists and asset managers to work together in a collaborative manner is not always an easy task. In this episode, Bryan Chavis discusses how to prevent acquisitions teams from getting prematurely "locked-in" on deals and explains how asset managers can help acquisition specialists make data-driven decisions.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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Collaboration between asset managers and their peers is perhaps most critical on the front end of a deal. In this episode, Bryan talks about how asset managers differ from acquisition specialists and their importance in underwriting. Then we discuss how to create effective communication between acquisition specialists and asset managers. Finally, Bryan explains how to limit the risk of shoddy underwriting when pursuing real estate investment opportunities.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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Tenants in St. Petersburg rallied outside city hall, Thursday night, speaking out against rising rent prices. They are demanding the city declare a housing state of emergency. Bryan shares his thoughts on rent control in his backyard and nationwide. 

Seven million people are still behind on their rent, according to the Census Bureau. An eviction moratorium from the Centers for Disease Control and Prevention is set to expire at the end of the month.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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Real estate management, as a business, is based on relationships with property owners—relationships that must be established, nurtured, and maintained.

Most management arrangements are entered into with both parties intending to establish a long-term relationship. Over time, however, any relationship can become strained.

The fact that the real estate being managed is a source of income for both the owner and the real estate management company subjects real estate management relationships, in particular, to possible misunderstandings.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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One of the requirements for becoming a CERTIFIED RENTAL INVESTMENT SPECIALIST® is to prepare a management plan for a property. This plan is the most comprehensive tool available to enables real estate professionals to demonstrate their ability to apply property management and asset management theory, principles, and techniques to an actual property. 

The skills achieved in successfully completing a management plan can be used as you prepare this plan of action for existing clients. take on the management of new properties, or make proposals to potential clients regarding how you would meet their goals as a real estate manager. 

The underlying philosophy of the Multifamily Matrix is that a property is best managed when managed by plan.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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The truth about real estate investing is anyone can find a property to buy.  The issue comes with non-experienced investors/sponsors, or investors who are not patient, who overpay for the asset, or have a business plan that is tough to implement.  In the sea of multi-family real estate, the waters are red from deal sponsors competing for properties fueling the increased price in real estate and reducing investor returns.  Despite the red waters, there are still opportunities for those who are creative, patient, and disciplined in their search.

It is a lot of work, time and commitment to find the right investment opportunities.  If you are getting active in multi-family real estate investing or would like to learn more about passively investing please subscribe and join us each week.

The operating expense ratio (OER) is very common in real estate analysis, whereby analysts are measuring the costs to operate a piece of property versus the income it generates. 

Why the Operating Expense Ratio Matters

Operating expenses are costs associated with running a business's core operations on a daily basis. Thus, the lower a company's operating expenses are, the more profitable it generally is. Over time, changes in the OER indicate whether the company can increase sales without increasing operating expenses proportionately (i.e., if the business is scalable). In multifamily real estate, companies can compare properties by using the ratio.

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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When evaluating an investment property, your first job is to determine if the ‘business’ that you are buying is a sound business and one that is what the seller and the broker told you it would be. In other words, you are going to play ‘Quincy, CPA’. You are going to become a forensic accountant.

But wait. That’s not what you signed up for. You were just going to collect rent checks and travel. That’s fine. That’s a great plan and one that you will achieve but before you do, you must learn all aspects of the business.

And the first aspect that you must learn is how to find where the seller buried the bodies. And believe me, there are bodies buried. There always are.

How do you conduct a forensic accounting of the multifamily business if you have never done this before?

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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During the pandemic, more Americans are concerned about evictions and foreclosures than before. 

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

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Some in the industry claim the line between asset and property management has blurred, as technology, job demands have evolved.

Recently, in an Institute of Real Estate Management (IREM) white paper, “Asset & Property Management: A Shifting Dynamic,” John Salustri suggested that “the lines between asset management and property management are blurred.” The argument is worthy of deeper examination.

Bryan Chavis, author of Buy It, Rent It, Profit, breaks it down. 

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Ask your questions in the comment section below. 

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

Learn how to predict and forecast what's to come in the multifamily industry. And how to strategically find the right opportunity for you.   

Currently managing properties? Bryan Chavis, author of Buy It, Rent It, Profit, breaks it down.   

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Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties.

When you proceed into contract and put a deposit down for a property, it's a sign that you are a serious prospective buyer. But sometimes, something can go wrong on a deal through no fault of your own. Bryan breaks down his key points when reviewing a contract and putting a letter of intent out on a multifamily deal. 

Join Apartment Investor and Author of Buy It, Rent It, Profit Bryan Chavis as he discusses the how-to's of apartment investing and managing multifamily properties. 

Ask a question for the podcast: info@bryanchavis.com

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Bryan's friend, former Major League Baseball player Gary Sheffield once negotiated a $39 million deal with the infamously tough negotiator George Steinbrenner when he played for the New York Yankees. In real estate or any other business, if you want to get ahead you have to understand the art of negotiations. Bryan shares a quote from Gary that sticks with him to this day and also shares what he considers to be the 5 Keys to Negotiation in multifamily investing. 

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Don't be discouraged if you locate a "perfect" target area, only to find when you start looking for properties that everything is overpriced. That simply means that institutional investors may have beaten you to the area - and once word got out they were buying up property, prices went up. 

This happened to Bryan as well, but he didn't give up. In this special episode, Bryan visits the planet Batuu at Star Wars Galaxy's Edge in search of higher returns in a new market. In this episode, he uses strategic evaluation to find a new target area...in another galaxy.

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Just before the first edition of "Buy It, Rent It, Profit!" was published; speculative investors made many major mistakes in the housing market. Speculative investors are people who invest in real estate based on appreciation speculations alone. When the market crashed, they were left holding the bag, and many ended up in foreclosure. This is why Strategic Evaluation is so important, as Bryan explains in this episode. 

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We hear a lot about what you should do to be a successful investor, but in this episode, we talk about what you should avoid. Even the best investors make mistakes, but the key is learning from them. Apartment investor and author of "Buy It, Rent It, Profit!" Bryan Chavis shares the pitfalls investors face when managing multifamily property.  

Have a question for an upcoming show? Send your questions to info@bryanchavis.com 

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Apartment Investor Bryan Chavis breaks down the importance of using step-by-step systems in multifamily acquisitions and day-to-day management. Plans will change, but a road map is an overall guide to get you where you need to go. 

"Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment." The Richest Man in Babylon

Real Estate Investor and author of "Buy It, Rent It, Profit", Bryan Chavis talks about the importance of continuing education then shares his thoughts on the future of the real estate industry and why we should be looking at ownership instead of focusing on sales. bryanchavis.com 

Bryan Chavis gives his take on Buildium's 2020 Property Management Insights

Bryan breaks down the benefits of being a real estate investor vs being a wholesaler of real estate and how to transition from wholesaling into investing in multifamily. 

Apartment Investor and author Bryan Chavis shares a technique (Syndication Socials) he uses to attract high net worth investors and how aspiring investors can become a Certified Rental Investment Specialist and work alongside him on a weekly basis to build credibility and serve investors. multifamilymatrix.com bryanchavis.com

Risk vs. Reward. Bryan Chavis, author of Buy It, Rent It, Profit stops by the studio to talk about the different rental markets and evaluating risk in multifamily deals. Drop your questions for upcoming episodes at bryanchavis.com